# Noven Financial Group, Inc.

> Institutional holdings reported to the SEC as of Q1 2020 on Form 13F. CIK 1536442. Source: https://holderbook.com/funds/1536442-noven-financial-group-inc/

- Reported value: $122.6M
- Positions: 36
- Weight of the ten largest: 80.6%
- Filed: 2020-05-01

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| ISHARES TR | [IEF](https://holderbook.com/stocks/IEF/) | $24.7M | 203,483 | 20.2% | 1 |
| ISHARES TR | [IEI](https://holderbook.com/stocks/IEI/) | $23.3M | 174,778 | 19.0% | 1 |
| ISHARES TR | [IWF](https://holderbook.com/stocks/IWF/) | $14.2M | 94,176 | 11.6% | 5 |
| ISHARES TR | [IWS](https://holderbook.com/stocks/IWS/) | $12.1M | 188,854 | 9.9% | 1 |
| VANGUARD INDEX FDS | [VUG](https://holderbook.com/stocks/VUG/) | $5.8M | 37,240 | 4.8% | 6 |
| INVESCO EXCH TRADED FD TR II | [PGX](https://holderbook.com/stocks/PGX/) | $4.7M | 360,858 | 3.9% | 6 |
| ISHARES GOLD TRUST | [IAUXXXX](https://holderbook.com/stocks/IAUXXXX/) | $3.7M | 242,246 | 3.0% | 6 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $3.5M | 19,050 | 2.8% | 6 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $3.5M | 27,320 | 2.8% | 4 |
| ISHARES TR | [PFF](https://holderbook.com/stocks/PFF/) | $3.3M | 104,116 | 2.7% | 6 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $3.2M | 71,626 | 2.6% | 6 |
| POWERSHARES QQQ TRUST | - | $2.1M | 11,174 | 1.7% | 3 |
| ISHARES TR | [IWP](https://holderbook.com/stocks/IWP/) | $1.9M | 15,461 | 1.5% | 5 |
| ISHARES TR | [IVW](https://holderbook.com/stocks/IVW/) | $1.9M | 11,312 | 1.5% | 5 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $1.6M | 10,817 | 1.3% | 1 |
| ISHARES TR | [DVY](https://holderbook.com/stocks/DVY/) | $1.6M | 21,549 | 1.3% | 6 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $1.6M | 6,201 | 1.3% | 6 |
| VANGUARD INDEX FDS | [VTI](https://holderbook.com/stocks/VTI/) | $1.6M | 12,060 | 1.3% | 6 |
| ISHARES TR | [TLH](https://holderbook.com/stocks/TLH/) | $1.4M | 8,130 | 1.1% | 1 |
| VANGUARD WORLD FD | [VHT](https://holderbook.com/stocks/VHT/) | $1.2M | 7,240 | 1.0% | 6 |
| SPDR SERIES TRUST | [PSK](https://holderbook.com/stocks/PSK/) | $1.0M | 26,174 | 0.8% | 6 |
| INVESCO EXCHANGE TRADED FD T | [PGF](https://holderbook.com/stocks/PGF/) | $674.0K | 39,877 | 0.5% | 6 |
| FIRST TR EXCH TRADED FD III | [FPE](https://holderbook.com/stocks/FPE/) | $645.0K | 39,334 | 0.5% | 6 |
| WP CAREY INC | [WPC](https://holderbook.com/stocks/WPC/) | $557.0K | 9,583 | 0.5% | 6 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $545.0K | 3,265 | 0.4% | 6 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $456.0K | 234 | 0.4% | 5 |
| ISHARES TR | [MTUM](https://holderbook.com/stocks/MTUM/) | $403.0K | 3,787 | 0.3% | 6 |
| SCHWAB STRATEGIC TR | [SCHB](https://holderbook.com/stocks/SCHB/) | $320.0K | 5,293 | 0.3% | 5 |
| BEST BUY INC | [BBY](https://holderbook.com/stocks/BBY/) | $248.0K | 4,354 | 0.2% | 6 |
| NETFLIX INC | [NFLX](https://holderbook.com/stocks/NFLX/) | $232.0K | 617 | 0.2% | 1 |
| GLOBAL X FDS | [QYLD](https://holderbook.com/stocks/QYLD/) | $218.0K | 11,332 | 0.2% | 1 |
| INVESCO EXCHANGE TRADED FD T | [PBP](https://holderbook.com/stocks/PBP/) | $196.0K | 11,745 | 0.2% | 1 |
| GLOBAL X FDS | [RYLD](https://holderbook.com/stocks/RYLD/) | $176.0K | 10,261 | 0.1% | 1 |
| AMPIO PHARMACEUTICALS INC | [AMPE](https://holderbook.com/stocks/AMPE/) | $84.0K | 202,459 | 0.1% | 6 |
| AURORA CANNABIS INC | [ACB](https://holderbook.com/stocks/ACB/) | $14.0K | 15,000 | 0.0% | 2 |
| HEXO CORP | [HEXOXXXX](https://holderbook.com/stocks/HEXOXXXX/) | $13.0K | 15,000 | 0.0% | 2 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2020 | -24.1% | -19.9% | -4.2% | 100% |
| Q4 2019 | +5.5% | +8.5% | -3.0% | 100% |
| Q3 2019 | +1.9% | +1.3% | +0.6% | 100% |
| Q2 2019 | +2.8% | +3.7% | -0.9% | 100% |
| Q1 2019 | +5.6% | +13.0% | -7.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2020 | $122.6M | 36 |
| Q4 2019 | $216.3M | 33 |
| Q3 2019 | $201.5M | 31 |
| Q2 2019 | $196.5M | 33 |
| Q1 2019 | $190.8M | 36 |
| Q4 2018 | $105.9M | 30 |